Bearish Structure with Bearish Pole and FlagImportant SR levels Update based on volume profile analysis for NSE:LT
Hello Trader. If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
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L_t
Breakout in LTDisclaimer :- This is not any buy or sell recommendation. It is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
On the daily chart of L&T stock has given a fresh breakout on Thursday from upward channel pattern. And it has been retested on it's upper channel band on this Friday and candle has closed above the channel. So, we can expect this bull run will be continued on this counter.
First support level is around 1715. And as per the Fibonacci next upside level is 2057 but this level is so far from here. So, that's why I marked on 1900 and 1975 manually for the first and second target respectively and my third target is 2057.
Thank You :) Happy Trading :) Happy Investing :) Over & Out :)
L_TFin LONGWatch-out for stock to break weekly resistance trendline and can long above 101.1 for short term target 122-132 levels and long term target of 145 that is 100% fib level extension and also 3rd impulse wave.
Volume in weekly chart can be seen increasing and accumulation period is over almost. Time to ride the stock.
Value investor and swing traders can long at cmp with 87.65 SL or 84 as per your risk and go long for 108-110 in coming 1-2 months.
LT ready to rocket!! Great Opportunity It is rare to get good opportunities in such great fundamental stocks.
On Breaking its 1600 resistance one can long for good gains.
if it doesn't break the resistance now, it will come back up again to break it in next attempt, keep an eye.
consult your advisor before taking any trade.